North West (TSE:NWC) Upgraded to “Strong-Buy” at Cibc World Mkts

North West (TSE:NWC) was upgraded by equities research analysts at Cibc World Mkts to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also weighed in on NWC. BMO Capital Markets upgraded shares of North West from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$56.00 to C$58.00 in a report on Thursday, December 19th. CIBC set a C$59.00 price target on North West and gave the stock an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, North West currently has an average rating of “Buy” and an average target price of C$53.20.

North West Trading Up 2.1 %

Shares of NWC stock opened at C$47.14 on Wednesday. The firm’s 50-day simple moving average is C$47.40 and its 200-day simple moving average is C$49.15. The company has a debt-to-equity ratio of 59.78, a current ratio of 2.16 and a quick ratio of 0.64. North West has a 1-year low of C$37.15 and a 1-year high of C$55.93. The firm has a market cap of C$2.27 billion, a P/E ratio of 17.33, a PEG ratio of 1.11 and a beta of 0.64.

Insider Activity at North West

In other North West news, Senior Officer Jim Caldwell sold 1,126 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$48.89, for a total value of C$55,050.14. Following the completion of the transaction, the insider now directly owns 916 shares of the company’s stock, valued at C$44,783.24. This represents a 55.14 % decrease in their position. Company insiders own 0.12% of the company’s stock.

North West Company Profile

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.